Lagarde speech: Short-term inflation expectations have risen

Christine Lagarde, President of the European Central Bank (ECB), explains the ECB's decision to raise key rates by 25 basis points at the June policy meeting and responds to questions from the press.

Key takeaways

"Manufacturing has held up."

"Consumption is a driver of growth."

"Investment underpinned by governments."

"Will monitor size, persistence of energy price increase."

"A sudden, sharp drop in asset prices would pose risks to financial stability."

" We are beginning to see broadening of inflation."

"Net income of workers will be positive, will lead to assume consumption be driver of growth."

"Inflation to return to target in autumn of 2027."

"Short-term inflation expectations have risen."

"Longer-term inflation expectations are broadly anchored at target."